In his first official response to the mutual tariffs of Indian President Donald Trump, the Ministry of Commerce stated that it supported all stakeholders to collect feedback based on the evaluation of fresh trade policy introduced by the United States.
In his first official response to the mutual tariffs of Indian President Donald Trump, the Ministry of Commerce stated that it supported all stakeholders to collect feedback based on the evaluation of fresh trade policy introduced by the United States.
“The Department of Trade cooperates with all stakeholders, including representatives of the Indian industry and exporters, to collect feedback on their tariff estimates and analyze the situation. Given the vision of Viksit Bharat, the Department also studies potential opportunities that may arise from this shift in the US trade policy.”
The statement also stated that negotiations were underway between India and the United States to complete a mutually profitable, multi -sector bilateral trade agreement. “These negotiations cover a wide range of issues, including supplies’ integration, investment growth and technological translations,” the statement reads.
The US administration introduced 27 percent tariffs for “Liberation Day for America”, introduced 27 percent of tariffs. Mutual tariffs are part of the US broad trade policy aimed at several countries, including India, which respect the “high and unfair” tariffs for US goods.
Meanwhile, Prime Minister Modi Chief Secretary headed a high-level meeting on Thursday, ie. On April 3, to evaluate and study Trump’s mutual tariff order.
